China’s slowing economy is unlikely to have a hard landing and cheap stock valuations may pave the way for “a big move” in Chinese markets, said Anthony Bolton, who manages the Fidelity China Special Situations Fund.

Fidelity International Ltd. fund manager Anthony Bolton urged the U.S. to close a loophole that allows Chinese companies to list on its exchanges through reverse takeovers, the Financial Times reported.

Anthony Bolton, who manages the Fidelity China Special Situations Plc fund, told the Financial Times he underestimated the difficulty of carrying out due diligence on small- and medium-sized companies in the country.

Fidelity International’s Anthony Bolton is betting on a rally in Chinese shares even as the central bank steps up measures to curb inflation. UBS AG strategist Chen Li predicts the nation’s equities will fall a further 10 percent.